Assuming you are a US citizen or resident who earned foreign wages while living overseas. After you log into your account and complete your personal information, start entering your foreign income and exclusion information as follows:
In TurboTax Deluxe online edition, go to:
1. After sign into your account, select Take me to
my return
2. At the right upper corner, in the search box ,
type in foreign income and Enter
3. Select Jump to foreign income
4. Next screen, Did You Make Any Money
Outside the United States? answer Yes
5. On
screen, What Form(s) Was Foreign Income Reported On ? make your selection and continue to proceed
As you lived outside United States for at least 330 days
during 12 consecutive months, you should be able to exclude your foreign income
from your taxes. For more information, see Foreign
income and exclusion and Extension. For tax year of 2016, the maximum foreign
earned income exclusion amount is $101,300
-After the exclusion, if you paid taxes to both S. Korea and
US government on any additional same amount of income, you may qualify to claim
a foreign tax credit by filing a Form 1116. See instructions below.
To enter form 1116, foreign tax credit in the program, go to:
1. After sign into your account, select the orange
buttonTake me to my return
2. At the right upper corner, in the search box ,
type in foreign tax credit and Enter
3. Select the 1st choice on the search results
- Jump to foreign tax credit
4. Start with screen Foreign Taxes and
select Continue to proceed by following step-by-step onscreen interview questions.
Follow prompts to complete and file
